Portland Duplex with
1630 1632 NE 81ST Ave Portland, OR 97213
For Sale
$530,000
MULTI_FAMILY - Portland, OR
Property Size1,560 SF
Price / SF$339.74
Days on Market180
Property Features for 1630 1632 NE 81ST Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Standard status
Active
APN
R194141
Size
1,560 SF
Taxes and HOA fees
Tax Description
JONESMORE, BLOCK 54, LOT 8&9
Tax Annual Amount
5449
Utilities
Heating system
Zoned
Building Details
Year built
1962
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Lillie Barr
(503) 313-8806
Added: Jan 31
Changed: Jul 29
Last Checked: Jul 30 at 4:06AM
MLS# 367766566
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained Midcentury Portland duplex offers strong income potential in an accessible location. Each unit features a functional 2-bedroom, 1-bath layout with hardwood flooring, and private entrances. A rare and highly desirable amenity is the dedicated 1-car garages for each tenant. Tucked just off the main road and positioned between major highways, the property offers convenient access to shopping, dining, public transit, and commuter routes while maintaining a sense of separation from traffic. The property, zoned RM1, is 1560 square feet. It is ideal for long-term hold, house hacking, or adding a solid duplex to your rental portfolio.
Key Highlights
- Well‑maintained 1962‑built Portland duplex with Zoned heating and shingle roof
- Each unit features a functional 2‑bedroom, 1‑bath layout
- Units include hardwood flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $21.00 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $31.1k | $19.91 |
| − OpEx | −$9.3k | −$5.97 |
| NOI | $21.7k | $13.94 |
1,560 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with garages, strong income potential, accessible location.
Where is this duplex located?
The property is located at 1630 1632 NE 81ST Ave Portland, OR.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Well‑maintained 1962‑built Portland duplex with Zoned heating and shingle roof; Each unit features a functional 2‑bedroom, 1‑bath layout; Units include hardwood flooring
